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Aegis Corporate Financial Services Review | A Scam?

by Kevin Berry
Rating: 
  1.8/5   Reviews: 4
Aegis Corporate Financial Service - logo

Meet Aegis Corporate Financial Services – pioneers in Canadian Forex trading. In this company, clients can not only trade CFDs with leverage, but also educate themselves, receive full support in the market, and consult. According to the official website, we are dealing with a Canadian brokerage firm that has been operating since the late 1970s. However, judging by the absence of reviews on the internet, it is very difficult to believe in such a rich experience. And what is even more interesting, the broker does not have a license to operate. Could it be a scam? Or is it still a safe intermediary? Let’s find out now.

Highlights

🏛️ Country Canada
⚠️ Regulation
🖥️ Website https://www.aegisfinancialservicesltd.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $500
⚖️ Minimum and Maximum Leverage 1:888
⚙️ Trading Platform WebTrader
📨 E-mail support@aegisfinancialservicesltd.net
📞 Phone +16135154707

First Impression of Aegisfinancialservicesltd.com

The official website does not create much excitement or a colossal impression. A typical and templated site. At the top, there are the main sections:

  • Contacts.
  • Platform.
  • Company information.
  • Account types.
  • Traded asset classes.
  • User agreement and privacy policy.

The design is simple and without frills. Aegis Corporate Financial Services did not make much effort to create a quality resource with complete information about themselves and trading conditions.

Aegis Corporate Financial Service - site

The site is presented only in English, so we cannot speak of global activity. There are many philosophical sayings, clichéd phrases, and pseudo-advantages. Aegis Corporate Financial Services does not share specifics and details, and also does not provide evidence. In short, the site needs a lot of work regarding information, as well as regarding layout and design, but it is doubtful that the broker will do this.

Partnership and Bonuses

It is unknown whether Aegis Corporate Financial Services offers bonus promotions or an affiliate program. These possibilities are not even mentioned on the website. Although it is very strange to see their absence, as, for example, an affiliate program is an excellent marketing tool capable of attracting more traders.

Account Opening on Aegisfinancialservicesltd.com

To study the company in more detail, it is necessary to register an account. This procedure is quick and understandable. Aegis Corporate Financial Services asks for your name, country, password, email address, date of birth, and phone number. You also need to check the box to agree to the user agreement. After entering all the information, the dashboard opens. We expected that it would be necessary to confirm the email address, but this was not required. The absence of confirmation of the specified contact information is a serious problem in the security system of the account.

Registration

The interface of the personal cabinet, like the official website, is primitive. Aegis Corporate Financial Services allows clients to perform the following functions:

  • Change personal data.
  • Deposit and apply for withdrawal.
  • Open to WebTrader.
  • View trading and cash transaction history.
  • Upload documents for KYC.

Aegis Corporate Financial Service - dashboard

It should be noted that there is no indication of a demo account anywhere. Most likely, Aegis Corporate Financial Services does not offer this option at all. Therefore, you will have to test the platform using real money, which is a significant disadvantage. It would be more convenient and safer to first explore the terminal using virtual money, and then, if everything is satisfactory, proceed to deposit real funds.

Verification

The KYC procedure is not described on the website at all. It is unknown whether it is mandatory or not, and there is no document dedicated to the AML&KYC policy. Despite this, there is functionality in the personal account for uploading documents. Aegis Corporate Financial Services offers to select the type of document and then specify the path to the file on your computer. We do not recommend rushing to provide documents, as there is no trust in the company yet. We do not know what the firm will do with these documents later.

Pros
  • Easy process for uploading photos/scans in your personal cabinet.
Cons
  • There is no AML&KYC policy.
  • Nothing about verification is indicated.

Trading Software

Aegis Corporate Financial Services describes its trading terminal as the best software, highlighting features like one-click trading, adaptation for any browser, including mobile, as well as a user-friendly interface, advanced charting tools, such as indicators and technical analysis, and real-time market data. Overall, it sounds like it’s supposed to be the most advanced and professional platform.

Terminal

However, looking at WebTrader, thoughts of it being some kind of super terminal with a bunch of functions and options don’t come to mind. In fact, Aegis Corporate Financial Services offers a standard web platform with capabilities for technical and graphic analysis, switching timeframes, creating a list of favorite assets, and pending orders, including stop-loss and take-profit. This terminal lags behind popular alternatives, lacks separate applications for smartphones and a desktop version, and also lacks advanced tools. Such software is not suitable for full-fledged and serious trading.

Features Aegis Corporate Financial Services Smart Ix Shares Unicorntradefx
Demo Account
Mobile App
Own Development

How Can I Trade With Aegis Corporate Financial Services?

For trading, clients have access to CFDs on Forex, US and European stocks, metals, cryptocurrencies, indices, and commodities, totaling over 200 assets. The minimum deposit, leverage, and other conditions at Aegis Corporate Financial Services depend on which account the trader chooses. We will look at the tariff plans further.

All Info About Accounts

Aegis Corporate Financial Services offers users just three types of accounts:

  1. Basic. Minimum deposit $500. The tariff includes minimum lots from 0.01, leverage up to 1:888, floating spreads, account currency of your choice between USD, EUR, or GBP, live support 24/5, free daily analysis, and instant execution.
  2. Standard. From $5,000. Standard lots from 1, and leverage no higher than 1:200.
  3. Premium. Over $10,000. The only difference is the assistance from a personal manager.

Account types

Keep in mind that a demo account is not offered at Aegis Corporate Financial Services, while the minimum deposit is $500. It is a high amount for the first balance replenishment, especially compared to other firms where the entry threshold is significantly lower. The leverage of 1:888 looks unusual but clearly hints at the lack of regulation. A regulated broker would hardly be able to offer such enormous leverage. Spreads are of the floating type, but the specific size is not indicated, and contract specifications are missing. An Islamic account is also not found.

The FAQ section states that no transaction fees are charged; traders only pay the spread. It is a clear sign that we are dealing with a b-book broker, i.e., a dealing desk. The problem with this business model is that it is beneficial for the company when clients lose money. The leverage of 1:200-1:888 also hints at a dealing desk. Most likely, Aegis Corporate Financial Services will operate against the users.

Pros
  • Not found.
Cons
  • The company requires a high initial deposit.
  • It is not possible to try the demo mode.
  • There is no Islamic account.
  • Spreads are not specified.

Market Analysis and Education With Aegisfinancialservicesltd.com

Traders can use the news feed on the official website, as well as online quotes for popular asset classes. The broker has also compiled a small list of answers to popular questions and shared basic information about the traded instruments. In addition, Aegis Corporate Financial Services offers its own cards to all “Premium” tariff holders, but does not disclose the details of this opportunity.

Deposit, Withdrawal, and Fees

Customers can fund their account using credit/debit cards, Neteller, Skrill, PayPal, bank wire transfers, and Bitcoin. The fees and their size are not specified. Aegis Corporate Financial Services has not even stated the processing time for withdrawal requests. There is total opacity on the part of the firm.

Features Aegis Corporate Financial Services FxPro TradinBulls
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

Aegis Corporate Financial Services offers the assistance of its managers and support staff. They can be contacted via phone and email. Users also have the option to create a feedback request through a special form in the “contacts” section.

We took the trouble to check the contact details provided. Nothing is known about the phone number, but the email turned out to be nonexistent. In other words, Aegis Corporate Financial Services provides a fake email address. It is also worth noting the absence of online chat for instant communication and accounts on social networks.

Fake email

Pros
  • None.
Cons
  • Fake email.
  • No online chat or social media accounts.

Is Aegis Corporate Financial Services Dangerous?

The broker does not appear to be safe or beneficial for trading. A certain lack of transparency, strange terms, fake contact information, and a primitive trading terminal are the disadvantages that we have identified earlier. However, does Aegis Corporate Financial Services have any licenses? When was the platform launched? What is its legitimate status? These are important questions that need to be answered.

How Long Does The Broker Work?

The longer a company has been in existence, the more reliable it is. This is an axiom. However, when a broker hides its founding date, referring to the late 70s, this raises some suspicions and doubts about honesty and transparency. Registration documents are not uploaded, so it is only possible to learn the approximate launch date of the platform from the date of domain registration. The domain of Aegis Corporate Financial Services was registered in October 2023, which happened quite recently. So, the period of operation leaves much to be desired.

Domain

How Is Aegis Corporate Financial Services Regulated?

The legal address listed on the site takes us to Canada, Ontario province. In Canada, several regulators control broker activities, but the main regulator at the federal level is IIROC (Investment Industry Regulatory Organization of Canada). Each province has its own regulatory body that controls the activities of brokerage companies. In Ontario, it is the OSC (Ontario Securities Commission). Therefore, our task is to check both registries for the presence of Aegis Corporate Financial Services.

Aegis Corporate Financial Service - IIROC

As can be seen in the screenshot above, there is no such company in IIROC. The broker is also absent in the OSC. It means that Aegis Corporate Financial Services operates illegally, as it does not possess any licenses.

Aegis Corporate Financial Service - OSC

Features Aegis Corporate Financial Services Virgobanc  AiFxMarkets
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Aegis Corporate Financial Services?

Click on the "Open account" button on the main page of the website, and fill out the registration form, after which a personal account will be created. Next, you need to deposit a minimum of $500. There is no demo account available, so you cannot try trading with virtual money.

Is Aegis Corporate Financial Services Legit?

We checked two regulatory body registries in Canada. Our subject of review was not found there, so the broker operates illegally.

How Risky Is It?

There is no sense in cooperating with Aegis Corporate Financial Services because the firm lacks a license. It is an illegal intermediary that does not provide any guarantees. Money can easily be stolen.
Kevin Berry
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Expert Opinion

I think that such a company doesn’t even exist in Canada. The legislation in this jurisdiction is strict, so similar firms without a license cannot operate. And it was so funny to read the phrase “Established in the late 70s”; apparently, the scammers stole this information from somewhere and displayed it on their website. In short, Aegis Corporate Financial Services is not just an unlicensed dealing desk, but also a fraudulent organization that won’t hesitate to swindle you out of your money. Stay as far away as possible.

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Aegis Corporate Financial Services rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

4 reviews about Aegis Corporate Financial Services

Evolution2000 October 9, 2023 - 16:48
Scammers. There's no doubt about it
The level of trust

These are scammers. Aegis Corporate Financial Services Limited deceives people. This is a fresh fraud project, a typical scam broker whose task is to steal money from traders.

Reply
Garry October 26, 2023 - 00:17
Very long withdrawal of funds. Is this normal?
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Is it normal that my withdrawal has not been processed for 5 days already? Has anyone traded with Aegis Corporate Financial Services? Please tell me, is your withdrawal processed normally and quickly? Because I am now having serious doubts about the reliability of this firm. I am very afraid that I have fallen into some kind of fraud and scam. Somebody reassure me, I don’t want to lose my money foolishly by trusting in some fake.

Reply
trader February 14, 2024 - 01:22

were you able to get your withdrawal amount Garry? I am one of the victims I think…

Reply
bob February 2, 2024 - 23:11
scum

Scum company I was today to check their advertazment address in Ottawa they are not existing they are scammers from England

Reply

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